Online vs. Traditional Degrees?

Justin Rainbow asks: "As a computer science student, avid internet user and full-time programmer I find it very appealing to finish my CS degree online. Finishing at least a year early and studying whenever I want are just a couple of the draws to the online campus. However, are these internet degrees even worth the paper their printed on? Is an online degree just a waste of money? Can an online degree give you just as many opportunities as a traditional university? Has anyone in the Slashdot community graduated from one of these online schools? Did it help or hurt your career? What about graduate school admissions? Does an online degree hurt your chances to get into a great graduate school?"